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Suppose a monopolist faces the following demand curve:P = 88 â€" 3Q. The long run marginal cost of production is constant and equal to $4, and there are no fixed costs
A) What is the monopolistâ€TMs profit maximizing level of output?
B) What price will the profit maximizing monopolist produce?
C) How much profit will the monopolist make if she maximizes her profit?
D) What would be the value of consumer surplus if the market were perfectly competitive?
E) What is the value of the deadweight loss when the market is a monopoly?
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Suppose the cost function is C(Q) = 50 + Q - 10Q2 + 2Q3. What is the marginal cost of producing 10 units? my teacher said it was 401 for the answer but I don't understand how he got that answer because he asked the same problem and said that answer w..
Elucidate a personal daily struggle that is an example of the law of noncontradiction and the challenges posed to your beliefs and decisions.
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